By , , LONDON/LOS ANGELES/MADRID (Reuters) - The $1 trillion container shipping industry is in a slowdown. Literally.Some shipping lines, whose retail customers are being hammered by the coronavirus pandemic, are reducing sailing speeds and taking longer routes around Africa, avoiding Suez canal passage fees, according to the companies and ship-tracking specialists.The new tactics not only save on costs, but also help adapt to the needs of cash-crunched retailers - among their biggest customers - who are stuck with huge inventory surpluses thanks to COVID-19 store closures and a collapse in...…By , , LONDON/LOS ANGELES/MADRID (Reuters) - The $1 trillion container shipping industry is in a slowdown. Literally.Some shipping lines, whose retail customers are being hammered by the coronavirus pandemic, are reducing sailing speeds and taking longer routes around Africa, avoiding Suez canal passage fees, according to the companies and ship-tracking specialists.The new tactics not only save on costs, but also help adapt to the needs of cash-crunched retailers - among their biggest customers - who are stuck with huge inventory surpluses thanks to COVID-19 store closures and a collapse in...WW…

By , MADRID/NAIROBI (Reuters) - Clothes recycling is the pressure-release valve of fast fashion, and it’s breaking under COVID-19 curbs.The multi-billion-dollar trade in second-hand clothing helps prevent the global fashion industry’s growing pile of waste going straight to landfill, while keeping wardrobes clear for next season’s designs. But it’s facing a crisis.Exporters are struggling, as are traders and customers in often poorer nations from Africa to Eastern Europe and Latin America who rely on a steady supply of used clothes.The signs are everywhere.From London to Los Angeles, many...…By , MADRID/NAIROBI (Reuters) - Clothes recycling is the pressure-release valve of fast fashion, and it’s breaking under COVID-19 curbs.The multi-billion-dollar trade in second-hand clothing helps prevent the global fashion industry’s growing pile of waste going straight to landfill, while keeping wardrobes clear for next season’s designs. But it’s facing a crisis.Exporters are struggling, as are traders and customers in often poorer nations from Africa to Eastern Europe and Latin America who rely on a steady supply of used clothes.The signs are everywhere.From London to Los Angeles, many...WW…